Vishal Mega Mart IPO: Check All The Details
Vishal Mega Mart IPO GMP: According to market observers, shares of the hypermart company are available at a premium of Rs. 24 in the grey market today.
Vishal Mega Mart IPO: Check All The Details
The Initial Public Offering (IPO) of Vishal Mega Mart Ltd. is set to open for bidding on December 11, 2024. Ahead of the opening, the IPO has been getting a good response in the unlisted market. The issue commanded a grey market premium (GMP) of 30.77% over the upper price band.
Vishal Mega Mart IPO GMP was Rs 24 as of 02:01 p.m. on December 9, as per InvestorGain. This projects a decent listing over the upper limit of the price band if the current premiums are sustained. The listing price of the issue is projected to be Rs. 102 per share.
Since December 5, when the shares began trading in the unlisted market, the GMP for the Vishal Mega Mart IPO has increased from Rs 13.50 to Rs 24 per share.
Vishal Mart's three-day bidding period will run from December 11 to December 13. On Monday, December 16, the share distribution is probably going to be settled.
Furthermore, Vishal Mega Mart's IPO pricing range is set at Rs 74 to Rs 78 per share. The minimum investment is Rs 14,820 per application, and retail investors must apply for at least 190 shares in each lot. The IPO is a completely offer-for-sale offering of 102.56 crore shares valued at Rs 8,000 crore.
